Employer contributions of $23MM were made to $MO's pension plans during 9 months ended Sept. 30, 2015. Currently, $MO anticipates making additional employer contributions to its pension plans during the remainder of 2015 of up to about $10MM, based on current tax law.
$CTXS stated that cash flows will benefit going through 2017. The
company is billing a large portion of its multi-year transactions upfront. $CTXS
is building a balance of unbilled backlog measured in several million dollars. $CTXS
will collect a lot of cash from these transactions and moving into cloud, it
will outpace revenue in the short-term.
$FISV saw a 30% YoY growth in sales performance during 1Q17, mainly driven by its credit union business. The company said it will take a normal cycle period of about 9 to 15 month to convert the new sales into revenue.